Wall Street ends largely lower

U.S. stock indices closed mixed on Wednesday, with Dow Jones and Standard and Poor's 500 falling, led lower by the energy sector as crude prices declined, while IBM's stock slumped five percent after disappointing first quarter earnings results, while NASDAQ Composite rose amid a lack of data from the U.S., the world's largest economy. 

Dow Jones fell 0.58%, or 118.79 points to 20,404.49, while Standard and Poor's 500 shed 0.17%, or 4.02 points to 2,383.17. NASDAQ Composite rose 0.23%, or 13.56 points to 5,863.03. 

Gold futures due on June 15 tumbled 1.02% to $1,280.90 an ounce from the opening of $1,294.10, while the dollar index rose 0.27% to 99.77 from the opening of 99.50. 

On another note, U.S. crude futures due on May 16 skidded 3.55% to $50.55 a barrel from the opening of $52.41, while Brent crude futures due on June 15 plummeted 3.33% to $53.06 a barrel from the opening of $54.89, after U.S. crude inventories registered a shrunk drawdown last week as expected.